SEGRO (LON:SGRO) Receives Buy Rating from Berenberg Bank

SEGRO (LON:SGRO)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Friday,Digital Look reports. They presently have a GBX 915 price target on the real estate investment trust’s stock. Berenberg Bank’s target price would suggest a potential upside of 22.92% from the stock’s previous close.

Several other equities research analysts also recently weighed in on SGRO. Deutsche Bank Aktiengesellschaft increased their price target on SEGRO from GBX 800 to GBX 850 and gave the stock a “hold” rating in a report on Friday, March 20th. JPMorgan Chase & Co. increased their price target on SEGRO from GBX 885 to GBX 915 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group decreased their price target on SEGRO from GBX 890 to GBX 800 and set a “neutral” rating for the company in a report on Monday, March 30th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 859.

SEGRO Stock Performance

Shares of LON SGRO traded up GBX 32.40 during mid-day trading on Friday, hitting GBX 744.40. 100,518,602 shares of the company were exchanged, compared to its average volume of 23,397,766. The company has a quick ratio of 0.62, a current ratio of 0.56 and a debt-to-equity ratio of 41.02. The stock has a 50 day simple moving average of GBX 739.37 and a 200-day simple moving average of GBX 719.56. SEGRO has a 1-year low of GBX 603 and a 1-year high of GBX 844.60. The firm has a market cap of £10.07 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14.

SEGRO (LON:SGRO) last issued its quarterly earnings results on Monday, February 23rd. The real estate investment trust reported GBX 36.60 earnings per share for the quarter. SEGRO had a return on equity of 3.51% and a net margin of 77.66%. On average, sell-side analysts forecast that SEGRO will post 37.4077408 EPS for the current fiscal year.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, asset manager and developer of modern warehousing, industrial property and data centres across the UK and seven other European countries.